Keerin,Inc Compute the Standard Unit Cost for a Sweatsuit

Essay

Keerin,Inc.,produces a complete line of women's athletic apparel.Sweatsuits are very popular in the northern states.During August,the company's records revealed the following information about the production of sweatsuits:
$\begin{array}{lll}\text { Standards: } & \text { Direct materials } & 5 \text { yards } @ \$ 2.50 \text { per yard } \\& \text { Direct labor } & 1 \text { hour } @ \$ 9.50 \text { per hour }\\&\text {Overhead:}\\&\text {Variable }&\text {\( \$ 5.50 \) per direct labor hour}\\&\text {Fixed }&\text {\(\$ 7 \) per direct labor hour}\end{array}$

Compute the standard unit cost for a sweatsuit.